The National Bank of Ukraine reported that in 2024, Ukrainians received 9.6 billion dollars in remittances from abroad through both official and unofficial channels. The highest amounts came from the United States, Israel, and Germany. Western Union led the market among payment systems facilitating these transactions.
The funds were transferred through formal methods such as banks, international money transfer systems, and postal services, as well as informal means like cash-in-hand deliveries. Despite the ongoing war and economic challenges, financial support from Ukrainians living abroad remained significant.
The use of payment systems for transfers within Ukraine also saw a major increase. Domestic money transfers in 2024 reached 1,336.58 billion UAH (33.2 billion dollars in equivalent), an 83 percent rise compared to 2023. The average domestic transfer amount was 1,231 UAH, up from 862 UAH in 2023. PrivatMoney accounted for the largest share of internal transfers, handling 56.97 percent of the total.
| Category | Amount Transferred | Change from 2023 |
|---|---|---|
| Total Remittances to Ukraine | 9.6 billion USD | No significant change |
| Domestic Transfers within Ukraine | 33.2 billion USD equivalent | +83% |
| Average Domestic Transfer | 1,231 UAH | Increased from 862 UAH |
International transfers to Ukraine via payment systems amounted to nearly 2.5 billion dollars, reflecting a slight decrease of 4.6 percent from 2023. The average cross-border transfer was 267 dollars, compared to 256 dollars the previous year.
The leading countries sending remittances to Ukraine were:
| Country | Share of Total Transfers |
|---|---|
| United States | 19.39% |
| Israel | 16.80% |
| Germany | 10.80% |
| Italy | 10.21% |
| United Kingdom | 9.41% |
Western Union was the most widely used system for sending money to Ukraine, handling 37.58 percent of all transactions. MoneyGram followed with 19.20 percent, while RIA processed 18.33 percent.
| Payment System | Market Share |
|---|---|
| Western Union | 37.58% |
| MoneyGram | 19.20% |
| RIA | 18.33% |
Despite the war, international organisations continued using money transfer services to provide humanitarian aid payments to Ukrainians. This trend remained stable from previous years, with remittance channels playing a crucial role in supporting families affected by Russia’s ongoing aggression.
Outbound transfers from Ukraine remained restricted due to martial law, limiting the movement of funds abroad. The National Bank noted that while international transfers declined slightly, domestic transfers surged as Ukrainians relied more on internal financial support systems.
